WBD Sets Netflix Deal Vote, Keeps Door Open to Paramount Skydance Talks
Warner Bros. Discovery has scheduled a March 20 vote to approve its Netflix deal and says it will re-engage with Paramount Skydance to resolve outstanding issues and seek a final, binding offer. Netflix granted a seven‑day waiver to discuss terms with PSKY, while Paramount has been pushing an enhanced bid that includes covering Netflix’s termination fee, backstopping refinancing, and a ticking fee. WBD continues to back the Netflix deal but could pursue Paramount’s bid or a proxy fight if shareholders are presented with a clearer path to value and regulatory approval. Netflix asserts the transaction has a clear regulatory path, while analysts note ongoing market pressure amid the bidding dynamics.